The coat, dubbed as M, comes with a smartphone app that monitors the weather and advises you if and when you should wear the garment.
To charge a phone, users simply slide their handset into the coat's breast pocket and connect it to the charging dock.
Though having a charging station in your coat sounds uncomfortable, its makers at Motiif, a New York-based company, claim it will remain fairly invisible.
To recharge the coat users will be able to simply hang it on a hanger with its included wireless charging pad.
Balbi sees the M as the first step to creating a complete smart wardrobe.
"This isn't just a coat with charging and Wi-Fi, it's about the future of clothing...And how clothing will communicate with each other and the end user," Balbi said.
While pricing for the M has not yet been announced, Balbi said it shouldn't cost more than an average trench coat.
Motiif is currently accepting applicants for an alpha tester programme. Participants will get a behind the scenes look at how the coat is made, speak with engineers and attend events where they can try the M on.
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